BROMWICH HARDY ADVISE IN £10M INVESTMENT SALE

11th September 2018

A landmark industrial building in Leamington Spa has been sold in a £10m deal.

Developer and investor AC Lloyd has sold the 84,000 sq ft building in Tachbrook Park Drive occupied by automotive firm Grupo Antolin.

The Spanish-based company, which employs 28,000 staff worldwide, agreed a new 15-year lease before the sale to an institutional investor.

Mark Edwards, director of AC Lloyd, said the sale, which represented a 4.8% yield, had attracted strong interest from UK-based and international institutional investors.

“We did not actively market the building yet we had six bids from very credible parties which underline the strength of the industrial market in his region. We are delighted to have concluded the sale of this building in line with our strategy of the repositioning of our investment portfolio in terms of both exposure to different property sectors and geographical spread.”

Tom Bromwich of Bromwich Hardy who advise A C Lloyd commented:

“ This deal shows the strength of the current Investment Market , especially for well let and well located buildings. Even with the perceived uncertainty around Brexit there remains an appetite from Institutional Investors to place funds.”

21st February 2019

Major Historic Site Sold for Redevelopment in Warwick Town Centre

A historic independent school site has been sold for residential development in a multi-million-pound transaction. The 2.4 acre site of…

18th February 2019

BROMWICH HARDY ACT IN PURCHASING THE PIZZA EXPRESS BUILDING IN LEAMINGTON SPA

Bromwich Hardy have acted on behalf of a private client in agreeing terms to purchase the freehold of 168 Parade,…

30th January 2019

INDUSTRIAL MARKET MOVING IN THE MIDLANDS

David Penn, Partner at Bromwich Hardy, who has advised in connection with the lettings comments: – “We are pleased to…

%d bloggers like this: